CTSA: Revenue determination: when of no effect
If the company shows that:
- it has no accounting period that ended in or at the end of the period specified in the notice to deliver,
- it has delivered a return for the accounting period (or each accounting period, if there is more than one) that so ended,
- no return is yet due for any such period,
the Revenue determination is of no effect and it should be discharged.
Note: COTAX will not automatically discharge a Revenue determination that is notsuperseded by an SA. You must identify the situation and do that yourself. See subjectStranded Revenue determinations’ in the On-line Company Tax Manual (COM), in theAssessing’ business area.